A US military hospital funded by the United Arab Emirates will be built in Abu Dhabi to treat Emirati soldiers and regionally based American troops, a US army official said on Sunday.Lieutenant General Charles Hooper, director of the Defense Security Cooperation Agency, said the US would deploy medical military personnel in support of a facility “very similar” to the one in Landstuhl, Germany - the biggest American hospital outside the US.“We are going to put that right here in ...

Mubadala Ventures, the venture capital arm of Abu Dhabi’s state-owned Mubadala Investment Company, plans to launch a $400 million European fund this year to focus on the technology sector, a company executive said on Wednesday. The venture capital unit is also working with international venture capital funds to invest in Abu Dhabi, Ibrahim Ajami, head of Mubadala Ventures, told reporters at a conference in the emirate. Mubadala’s venture capital arm is ...

The Milken Institute opened its two-day MENA-focused summit in Abu Dhabi on Tuesday featuring a host of local and international speakers, from health chiefs to philanthropists as they discuss regional challenges.In its second year, the summit is focusing on youth unemployment, environment sustainability, and the refugee crises.The Milken Institute is a nonprofit, nonpartisan think-tank mandated to increase global prosperity by advancing collaborative solutions that widen access to capital, ...

The Louvre Abu Dhabi, the first museum to carry the famed name outside of France, announced Sunday it would roll out works by Dutch masters Rembrandt and Vermeer this month.Works by the two artists are part of the gallery’s first exhibition this year, entitled “Rembrandt, Vermeer and the Dutch Golden Age: Masterpieces from The Leiden collection and the Musee du Louvre”.The exhibit, on display in the United Arab Emirates’ capital from February 14 to May 18, is dedicated to ...

Mubadala Investment Company announced on Tuesday the sale of its stake of 34.9 million common equity shares, along with a plan to convert 75 million warrants, in US-based semi-conductor company Advanced Micro Devices (AMD).Mubadala will continue to be a major AMD shareholder after the transaction, with ownership of 6.9 percent, once the 75 million warrants are converted to common equity share, it added.Converting the warrants will provide AMD with $448.5 million, Mubadala said in a statement ...

In a speech given during his historic visit to Abu Dhabi, Pope Francis said that no violence can be justified in the name of religion and must be condemned without hesitation. “We will either build the future together or there will not be a future. The time has come when religions should more actively exert themselves, with courage and audacity, and without pretense, to help the human family deepen the capacity for reconciliation, the vision of hope and the concrete paths of peace,” ...

Head of Catholic Church, Pope Francis, was accorded a state welcome to the UAE at a ceremony organized in the Presidential Palace, Abu Dhabi, on Monday. He was flanked by Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces and Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai, and other senior officials. Upon his arrival at the Presidential Palace, accompanied by cavalry on ...

Dr Ahmad al-Tayyeb, Grand Imam of al-Azhar al-Sharif, arrived Sunday in the UAE on a three-day visit. He was received by Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces.The Grand Imam said he looks forward to a fruitful meeting with Pope Francis, Head of Catholic Church, and stressed the meeting in Abu Dhabi is a message of co-existence and peace among people to build a future based on mutual respect and cooperation.Sheikh ...

Pope Francis has landed in Abu Dhabi as part of his historic three-day visit to the United Arab Emirates, the first by any pontiff to the Arabian Peninsula. The visit marks an effort to boost the Vatican’s outreach to Islam. Pope Francis, who has made strengthening ties between the two largest religions a cornerstone of his papacy, is expected to have talks with the UAE’s crown prince on Monday and hold an open-air mass for 135,000 worshippers on Tuesday.

The Abu Dhabi Fund for Development has allocated $3 billion to Pakistan through a deposit into the country’s central bank, the fund said on Tuesday.Pakistan is battling to bring under control a gaping current account deficit that has hurt its economy and lowered growth.The deposit was announced in December. It is aimed at supporting Pakistan’s economic growth and helping it achieve its monetary policy targets.